The Pascagoula democrat-star. (Pascagoula, Miss.) 1878-1920, 1887-06-17

lug t"nse talk nov 1
the high price 81 coffee, aud !
kitchen the Question Is bov "a
much out Of htlls, and Aow 0t,s..
use the grOuaa4 We hassar-
ness for cOffseABa ara in.e,s.,.s
hence We are tying TO keep pO,,s
The n. Y. San has a rery slsbm.,.
article, with convincing agups. !,
show that the syndicate vii ~.
TO surreuder and eOHse vfIi gOds.s
From that ariiEle us clip TIA q
loving:
"The Brazilian fellows a,a ~,
the mainstay Of sAe market. ps;as
to the eightesu cent deal they naS.
money, bot they are nov csyvvIss
a heavy load Of coffee, with pobaSs
to take it OF their hands al t.s.a.
prices. The New York specuslos
and the Hayre @eu will not pplisvs
them OF their burden, aud tia ~,
side speculative eIeMeRs VII y,
venture IN at these high ur;ea,
Think of liz Cofee, since Ja1uars
1886, has gone up over 200 per eent
Ii then cost 90 a bag, hguriag a.
the grsie IN general use. Itisuor
$50 a bag. The situations moi,
dangerous, aud many oil Us think
that the Brazil fellows are Sittiu,
over so many Kegs Of powder. Tbe
believers in coffee year ago bought
actual coffee anal carried il for lhe
advance, vhie tRe Brazilian sypd,.
cate will not buy spot coffee. They
bay the future options, say August.
TOR instance, and pay l to II eentG
a pound more. Whyi Because they
haven't The money to carry the
coffee. This change in the method
OF specializing has 5eeu made uec.
esSaTy by tue action OF the banks
A yeaI ago, aud even much later,
bankers would have made advances
within 10 per cent " the face value
of the coffee. Suw they decline TO
advance withkn 20 rrr cent Of the
face value, and some have refused
90 make advances at all They
rbins The situation Is dangerous,
aud are afraid OF a general smash.
La this state OF affairs the BrazliiaH
syndicate is Obliged 10 buy the far
of options 10 order TO snStain It's
position, and IL compelled 10 pay
the high premiums now enrrrnl.
The barge cummIsslcA hOuseS are
charging J cent a pound tor carry
ing the coffee IN Warehouses ahh
selling options against II.
II believe this eOnelHSivrly
proves that the Brazilian syndicate
has gone hey You'd IT'S depth. 1t il 40
interesting fact that the New loik
brukers tor the syndicate were beafs
"A year ago. Now tbry are rampant
bulls. Another highly interesting
laet IS that the prrsenI crop OF Bra.
lillian coffee ruSI SO~mrlsniS, and
Lriirvr the Americans more Than
any brsly else, $7j.0tsl, sB9 more than
WIS paid for The crop OF 1888 ~
The dangerous condition Oi tue mar
Set was seen Yesterday when lhc
price broke ball 4 rrut a pound gu
offerings OLA few thousand bags.
JubberS are complaining That lh'
high prices have greatly rurtaile'i
their sales. They saw the conSumi'
tiou has fallen III 40 per cent. aDl
that THERE hes been ~ Increase o.
100 pef cent in the irmaHii iur CHI
cary. Beans have advanced - IL
40 cents Il bushrl. sud dried pSrasN
rrpts y buShel, the result vi a laIgEi
demand nom adnlieTatOgS %
coffee. The government cUntiS,
swarded 10 Joseph ODonUhue 4
Son is usually for 1900 bags o
coffee. This year the army mus
content itself With POO bags.
The tea men in Front and Wate
streets SAY that il l. ah il Wind lhd
isn't mterSpprspd with sOW" bdlml
bIeeZeS. One of them said
The high prices tor culfre ba''
led tO an Increase OF 100 lel
cent. m demand fO- teas. d
good a pound of tea rs ANY OD'
wants ran now he bought for from
% 10 p cents, while roasted B's@l
coffee costs D cents.
The conservative men 0i ~
Coffee Exchange SNy that wllS,S'
the speculative furor created on iDe
floor, Brazil coffee, even accepting
the statement OF "A short crop
would not be over twelve CENTS u
the consumer.